Examples of Joint New IP in a sentence
Nothing in this provision is intended to prohibit Hospira from independently developing, manufacturing, and/or selling any pharmaceutical product provided that Hospira does not utilize, refer to, and/or rely upon any Hospira New IP or the Joint New IP in the development, manufacturing, and/or sale of such product in contravention of the exclusive license granted to Omeros herein.
The Licensor New IP and Licensor’s interest in the Joint New IP shall be deemed part of the Licensed Technology and included in the Licensor’s license grant to Licensee pursuant to Section 2.1.
All patents claiming patentable Joint New IP will be referred to herein as “Joint Patents.” Except to the extent either Party is restricted by licenses granted to the other Party under this Agreement, either Party will be entitled to practice, grant licenses to, assign and exploit the Joint New IP and Joint Patents without the duty of seeking consent from the other Party.
Except as expressly set forth in this Section 11.2, each Party shall have the sole right, in its sole discretion, to conduct Patent Prosecution with respect to any and all Patent Rights owned or Controlled by such Party, and the Parties shall negotiate in good faith their respective rights in and responsibilities for Patent Prosecution with respect to any and all Patent Rights within the Joint New IP.
Licensor shall have the first right, but not the obligation, to file, prosecute and maintain the Licensed Patents (including the Joint New IP) and Licensed Trademarks in the Territory, at Licensor’s expense.
Hospira shall grant to Omeros, and does hereby grant to Omeros, a fully paid-up, royalty-free, worldwide, perpetual, exclusive license, including the right to grant sublicenses, under all Hospira New IP and Hospira’s joint ownership interest in Joint New IP that is necessary or beneficial for Omeros’ [†].
Sublicensor hereby grants to Sublicensee a non-exclusive license under the Sublicensor New IP and Sublicensor’s rights under the Joint New IP to Exploit Licensed Compounds and Licensed Products, in each case, in the Sublicensed Field in the Territory and (b) Sublicensee hereby grants to Sublicensor a non-exclusive license under the Sublicensee New IP and Sublicensee’s rights under the Joint New IP to Exploit Licensed Compounds and Licensed Products, in each case, in the Retained Field in the Territory.
Licensee and Licensor shall jointly decide the enforcement strategy for the Other Joint New IP Patents, and shall bring as joint party-plaintiffs any enforcement action to xxxxx any actual or alleged Competitive Infringement of an Other Joint New IP Patent, including as a defense or counterclaim in connection with any Third Party Infringement Claim.
Any New IP other than Aquestive IP, Aquestive New IP or Joint New IP (as defined below) that is conceived, reduced to practice or otherwise developed solely by Haisco or its Affiliates or their respective employees or Third Party contractors during the Term shall be owned by Haisco (“Haisco New IP”).
Narayanasami (Independent Director) is the Chairman of the Audit Committee.